If you’re planning on investing some of money into your home to increase its value, then kitchens and bathrooms are the place to start. In general, kitchen and bathroom remodels can return you almost 100% of the costs spent. Even minor makeover jobs around $15,000 will net you a decent return on investment.
According to Remodeling Magazine, the average cost recouped (resale value/job cost) for a bathroom remodeling project in Los Angeles is 97% in 2014. For minor kitchen remodels, the average cost recouped is 101.7%, meaning you actually make a profit. So not only will you be able to enjoy the benefits of having a brand new kitchen or bathroom, but you’ll see most, if not more, of that money back when it comes time to sell.
It’s no question that renovations to the kitchen and bathroom are one of the best home improvement projects you can do to increase the value of your home overall. RealEstate.com includes kitchen improvements and bathroom additions in their list of 10 best home improvements. As homes trend with fancier kitchen and baths, it’s the perfect time to start your own project today.
If you’d like a more personalized opinion on your bathroom or kitchen, click here to contact us for a free consultation. We’ll provide a free in-home inspection and provide you with the best options to raise the value of your home.